Fundingwire is your roundup of notable investment announcements in the Indian technology ecosystem. Companies which have recently raised investments include – Amagi Media Labs, Pocket Aces, Fitpass, Trading Bells, IdeaForge, Ten3t, Serv’d, MoEngage and Qacco.
Media Tech Company Amagi Raises $35M
Bengaluru-based Cloud Broadcast and Targeted TV advertising firm, Amagi Media Labs is raising a Series D round of $35 million led by Emerald Media. Its existing investor Premji Invest is also participating in the same round. The company will deploy the investment in R&D efforts and to enter new international markets.
The eight year old company was founded by Baskar Subramanian, Srinivasan KA, and Srividhya Srinivasan and has 3000 advertisers on board. Read More
Digital Entertainment Startup Pocket Aces Raises $3M
Mumbai-based Pocket Aces, a digital entertainment startup targeted towards millennials has raised $3 million in investment led by Sequoia Capital India. Other investors participating in the round include – North Base Media, Axilor Ventures, Arian Capital, 3one4 Capital, Kunal Shah and Sandeep Tondon.
The three year old company claims to have over 1.85 million subscribers across its product portfolio viz. Dice, FilterCopy & Gooble. It earns primarily through native advertising. Read More
Fitpass Bags $1M in Seed Investment
Delhi-based Fitpass which offers membership access to gyms and health clubs has raised $1 million in seed investment from Mumbai Angels, and a few more angel investors from Delhi and Bengaluru.
The company was started in 2015 by the brother-sister duo of Akshay Verma and Arushi Verma, and has around 1250 Gym partners. Read More
Trading Bells Raises Rs 2 Cr
Online shares and commodities broker, TradingBells has raised Rs. 2 crore in seed investment from Mumbai-based stock broker Swastika Investmart Ltd. Read More
Drone Company ideaForge gets $10 Series A Investment
Mumbai-based Drone manufacturing company ideaForge is raising Rs 70 Crore in Series A investment lead by WRV Capital including IndusAge Partners and Infosys.
The startup was founded in 2008 by Ankit Mehta, Amardeep Singh, Rahul Singh, Ashish Bhat and Vipul Joshi. Read More
Wearable Medical Device Startup, Ten3t raises Rs 1.65 Crore
Bengaluru-based Ten3T which builds health monitoring and data collection devices, has raised Rs 1.65 Crore of angel round investment from Pi Ventures, V Krishna Prasad (Qikwell) and Bhupen Shah (Sling Media). The company will use the funds to launch its first device, Cicer. Read More
Home Management System Startup Serv’d gets $100,000 Grant
Pune-based Serv’d that helps users to engage services from unorganised segment, like domestic workers, drivers, construction workers etc. has been given a $100,000-grant from Digital Financial Service (DFS) Lab, a fintech accelerator funded by the Bill and Melinda Gates Foundation.
The startup has been set up by Jatin Agarwal, Tarun Sharma and Suhas Kelkar. Read More
MoEngage Gets Additional Investment
Bengaluru-based MoEngage, a user analytics and engagement startup has got an undisclosed investment from Anand Chandrasekaran (Ex-Snapdeal). The company was set up in 2014, by Raviteja Dodda and Yashwanth Kumar. Read More
Travel Tech Startup, Qacco Secures $150,000 Investment
Gurgaon-based travel tech startup, Qacco has raised $150,000 in angel investment led by Lead Angels and Lets Venture. It helps partner hotels to sell deals to corporates. The company started in 2015, and was founded by Chaitanya Jha & Abhinav Imandi. Read More